LeEco China

Chinese firm LeEco has acquired Vizio, the biggest maker of TVs in United States, for $2 billion.

Based in Irvine California and founded in 2002, Vizio is one of the main consumer electronics brands in North America. As part this acquisition, Chinese firm LeEco will acquire all of the Vizio hardware and software operations, technology and intellectual property. Founded in 2004, LeEco is one of the largest online video companies in China, has 5,000 employees and had revenue of $1.6 billion in 2014 with YT Jia as founder.